CHINA | Pixr8 News

21Sep By Gauri SinghNo Comments

CHINA

China’s Funcl Launches Wireless Earphones to Beat Apple, Huawei

China’s Funcl announced the launch and unveiled its latest wireless earphones in Beijing on Thursday. This launch was a part of the young startup's ambition to give a tough fight to the major earphones in the market including AirPods from Apple Inc and FreeBuds from Huawei Technologies Co Ltd. The gadgets include an AI wireless headphone using Snapdragon technologies from Qualcomm, which will enable users to power AI voice assistant and real-time translation. "The smart earphone market will witness an explosive growth this year and we will tap into this rising market," said Miao Jingwei, product manager of Funcl, a headphone maker. Also, the company stated that the time delay rate of this latest earphone was only 60 milliseconds, which is the best not only in China but also across the...

19Sep By Gauri SinghNo Comments

CHINA

China to Invest $14.6 Billion to Develop Digital Economy

The digital space all over the globe is emerging at a great pace, and thus, China has decided to invest $14.6 billion (100 billion yuan) for developing the digital economy in the next five years. According to an agreement signed by China Development Bank and the National Development and Reform Commission, this investment will be done on projects like big data, internet of things (IoT), cloud computing, smart cities and the digital Silk Road. The development of China’s digital economy has been stated as an important task for building a modern economic setup in the country. China has got a considerable progress in the cause over the past years by way of rolling out a raft of measures, including a national big data strategy. A report released by the Cyberspace Administration of China...

15Sep By Gauri SinghNo Comments

CHINA

IoT Market in China is Witnessing Rapid Growth

The internet of things (IoT) market in China reached more than 1 trillion yuan ($146 billion) last year, and is expected to maintain rapid growth in the next few years. In China, IoT has enjoyed a compound annual growth of more than 25 percent from 2009 to 2017, and the IoT cloud platform has become the key to ignite competition in the field. IoT basically refers to the connection of various electronic devices to the internet via technologies such as wireless sensor networks. A report known as the Annual IoT Industry Development Report of China stated that the nation's IoT market will hit 1.5 trillion yuan by the end of this year. "Fueled by the government's supportive policies, forward-thinking domestic internet and tech titans, the country's IoT sector has actually entered a new stag...

Alibaba Along with Mail.ru Launches a New Joint Venture

12Sep By Gauri SinghNo Comments

CHINA

Alibaba Along with Mail.ru Launches a New Joint Venture

China’s e-commerce major Alibaba and Russia’s internet company Mail.ru have announced that they have entered into a deal to launch a joint venture in Russia and former Soviet countries. The new venture will be called AliExpress Russia, taking after the name of an existing Alibaba platform. The two groups and the Russian sovereign wealth fund RDIF along with telecom operator MegaFon, announced the inauguration of "a new strategic partnership" as Russia hosts an economic forum in the far eastern city of Vladivostok. Alibaba and Mail.ru said in a statement this would "integrate Russia's key consumer internet and e-commerce platforms and launch a leading social commerce joint venture in Russia and the CIS (Commonwealth of Independent States)." According to the statement, the new compan...

Alibaba Founder Jack Ma will Step Down in 2019

10Sep By Gauri SinghNo Comments

CHINA

Alibaba Founder Jack Ma will Step Down in 2019

With all the speculations regarding Alibaba’s Jack Ma’s expected retirement, the company announced today that its CEO, Daniel Zhang, will succeed Ma as chairman next year, exactly one year after on Sept 10, 2019. After resigning from the role of chairman next year, Ma will continue serving as a board member until its annual general shareholders’ meeting in 2020. Even after that, Ma will remain a lifetime partner of the Alibaba Partnership, or a group of 36 partners drawn from the senior management ranks of Alibaba Group companies and affiliates. "Under his stewardship, Alibaba has seen consistent and sustainable growth for 13 consecutive quarters... Starting the process of passing the Alibaba torch to Daniel and his team is the right decision at the right time," Ma said in a letter rel...

Alibaba’s Jack Ma to Step Down & Focus on Philanthropy

8Sep By Gauri SinghNo Comments

CHINA

Alibaba’s Jack Ma to Step Down & Focus on Philanthropy

Jack Ma, the founder of the largest Chinese e-commerce platform Alibaba Group is reportedly stepping down from the position of executive chairman of the company from Monday, marking the end of an era. However, one of the richest men in China, Jack Ma has stated that he will remain on Alibaba's board of directors. The primary motive of stepping down from his position is that he has planned to pursue philanthropy in education. “I love education,” he said. Ma planned to retire and is willing to dedicate more of his time and fortune to philanthropy with the creation of a foundation in his own name focused on education, following in the footsteps of billionaire Bill Gates. "There's a lot of things I can learn from Bill Gates," Jack Ma said. "I can never be as rich, but one thing I can do...

Baidu and BYD Partner for Mass Production of Autonomous Cars

7Sep By Gauri SinghNo Comments

CHINA

Baidu and BYD Partner for Mass Production of Autonomous Cars

China’s largest technology company and search engine Baidu Inc and China's leading electric car maker BYD have announced their plan that bothr the companies are partnering with an aim to start mass producing self-driving cars in the coming three years' time. It was last year that Baidu had launched Project Apollo, which was titled after the Apollo moon landing project. The project was started to mark the start of its push to get self-driving cars on the road in China. A technician from Baidu informed that Project Apollo will offer the software platform that can be used by car manufacturers. Baidu has already manufactured more than 100 autonomous buses and has plans to sell to foreign markets, including Japan, which is set to receive 10 in early 2019. Apart from BYD, China’s Google ha...

JD.com’s CEO Richard Liu Arrested Against Sexual Misconduct

3Sep By Gauri SinghNo Comments

CHINA

JD.com’s CEO Richard Liu Arrested Against Sexual Misconduct

Chinese billionaire Richard Liu who founded the one of the largest Chinese e-commerce platform JD.com was reportedly arrested by Minneapolis police Friday night. He was suspicious of criminal sexual misconduct. However, he was released later stating that he was falsely accused. The Minneapolis Police Department said the investigation remained active and would not confirm details of the arrest against the CEO, Liu. "The individual was arrested Friday evening and released Saturday afternoon. He was released pending formal complaint," Public Information Officer John Elder stated. JD.com is China’s second-largest online shopping platform after Alibaba. Liu founded the venture about two decades ago. The company has been listed on the Nasdaq since 2014 and has reached to around $45 billion...

25Aug By Gauri SinghNo Comments

CHINA

Google Making Efforts to Enter China With a Subsidary of Waymo

The popular technology company Alphabet Inc. is putting good efforts to build a presence in China with a new subsidiary of Waymo based in Shanghai. Waymo is one of the world's leading autonomous car designers. The company has claimed that it has set up a legal entity in the country and has people working there, however, it hasn't commented on its further plans. This move seems to be a great effort by Google to move to China where many of its Google services are blocked. However, the autonomous industry is growing so rapidly that it makes sense for Alphabet to get in as early as possible. It has also been reported that the company might not bring in an autonomous ride-hailing service in China, however, it will be focusing on logistics consulting, supply chain, and autonomous drivin...

24Aug By Gauri SinghNo Comments

CHINA

China’s Ofo Faces User Complaints Against Revenue Raising Strategy

China’s leading bike-sharing platform Ofo is again into the headlines due to customer’s complaints regarding its new revenue raising strategy. It has been reported that when the users open the Ofo app to unlock a share bike, they have to first watch a five-second video advertisement. Many app users have got annoyed by this and have socially stated that the videos will be a drain on their mobile data allowance. A similar case happened just a few days ago with Netflix where the people were posting annoying tweets against Netflix promo videos that could neither be skipped not muted. The mobile applications these days are finding new ways of promoting themselves in every possible way. These insiders were cited by Beijing Youth Daily as saying that Ofo might lose customers because of thei...

22Aug By Gauri SinghNo Comments

CHINA

Cost of Living in China’s First Tier Cities Gets a Hype

China is the most populated country in the world and therefore, its GDP is also the highest among all the countries. Taking all these points into consideration, the cost of living in first-tier cities in China has also been increasing day by day and has now paved way among the highest in the world. The country is growing rapidly and so is the cost of living. The cities where the cost of living is high include Beijing, Shanghai, Shenzhen. Generally, Beijing high living cost mainly for its house rent and the expensive traffic fee. In China, The areas of lowest living cost include Yingchuan, Luoyang, Xining, these cities all located in northwest China. Living in these cities could reduce the cost of living. The areas of normal living cost include many middle cities, like Chengdu, ...

13Aug By Gauri SinghNo Comments

CHINA

China’s Coal Import Increases by 49% in July

The coal imports in China witnessed a considerable rise in the month of July that hit a record high in four and a half years. This happened because the demand for coal-fired electricity increased during the summer as mentioned in the reports. Talking about the figures, China imported 29 million tons of coal in July. According to the data from the General Administration of Customs, the import has been up 49 percent year-on-year, the highest monthly volume since January 2014. "The authorities have vowed to ensure coal supplies and keep prices running smoothly during the peak season, therefore checks on imports could not be tightened in the short term," said Cheng Gong, a coal analyst at Zheshang Securities. The value of imports increased 63 percent year-on-year to 17.9 billion yuan ($2....